Fidelity Digital Assets subsidiary has released an Ethereum investment thesis. Investors can view ethereum (ETH) as an aspiring form of money, but ethereum may face more hurdles than bitcoin in becoming widely accepted as a currency, according to the researchers who compiled the report. resistance.
The report stated that there is uncertainty about the future upgrade of Ethereum and the number of unrestricted circulating tokens.
Fidelity acknowledged that Ethereum’s use of smart contracts unlocks a whole new level of programmability, a real differentiator for Ethereum.
Fidelity’s ultimate conclusion is that increased activity on Ethereum does in fact drive block space demand, which in turn generates cash flow for token holders.